What is the asking price for AutoZone?

The lease rate for space here is $1,560,000.

What type of property tenancy can you find at AutoZone?

This property is listed as Single Tenant.

What is the total size of AutoZone?

The property has a total square footage of 10,227 SF.

How many parking spaces are available at AutoZone?

Parking information for the property isn't currently listed.

1203 South Main Street, Laurinburg, NC 28352

For Sale $1,560,000
Property Type Retail - Street Retail
Property Size 10,227 SF
Lot Size 1.05 Acre
Property Tenancy Single Tenant
Year Renovated 2026
Date Updated Nov 4, 2026

Description

Long-term corporate AutoZone lease at extremely low ground rent – $78K. Over 14 years remain on this recent lease extension that features 8% rental increases every 5 years and a full-term corporate guaranty from AutoZone, Inc. (NYSE: AZO). The company reported $20.3 billion in FY 2026 revenue, a 7.4% increase over the previous year. The subject property is strategically located along South Main Street (US 401 Business / US 15 Business), a primary commercial thoroughfare in Laurinburg providing convenient access to the surrounding residential neighborhoods, established retail corridors, and the greater Scotland County trade area.

Highlights

County Seat Location: Laurinburg serves as the county seat of Scotland County, positioning the city as a central hub for government, employment, retail, and essential services throughout the surrounding region
Excellent Visibility/Accessibility: Ideal location along South Main Street one of Laurinburg’s primary retail/commercial corridors
Expansive Portfolio: 8,000+ locations worldwide
Longstanding Tenant Presence: AutoZone has operated at the property since 1989, demonstrating a longstanding commitment to the location and established presence within the trade area
Long-Term Lease: 14+ years remaining on absolute net ground lease featuring 8% rental increases every 5 years
Major Healthcare Employment Hub: Located near Scotland Memorial Hospital, part of Scotland Health Care System, one of the county’s largest employers and a significant source of local economic activity
Regional Accessibility: Convenient access to US Highway 74, a major east-west transportation artery connecting Laurinburg to Charlotte, Monroe, and Wilmington, supporting regional connectivity and commercial activity
Significant Revenues: FY 2026 revenue totaled $20.3 billion, a 7.4% increase over the previous year
Strong Corporate Backing: Lease features a full-term corporate guaranty from AutoZone, Inc. (NYSE: AZO)
Strong Corporate Profitability: $2.57 billion in net income for fiscal year 2026, demonstrating substantial profitability and financial strength supporting its long-term lease obligations